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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and due from banks $ 53,262,000 $ 64,872,000
Interest-earning deposits 180,469,000 10,482,000
Total cash and cash equivalents 233,731,000 75,354,000
Securities available for sale 334,655,000 337,366,000
Federal Home Loan Bank stock 18,002,000 16,022,000
Loans 2,856,667,000 2,753,085,000
Allowance for loan losses (23,889,000) (22,380,000)
Loans, net 2,832,778,000 2,730,705,000
Premises and equipment, net 57,327,000 48,321,000
Bank owned life insurance 70,297,000 69,647,000
Goodwill 49,473,000 49,473,000
Core deposit intangible, net 3,840,000 5,561,000
Other assets 32,812,000 31,458,000
Total assets 3,632,915,000 3,363,907,000
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing 924,916,000 889,784,000
Interest-bearing 1,765,468,000 1,573,924,000
Total deposits 2,690,384,000 2,463,708,000
Securities sold under agreements to repurchase 102,675,000 103,519,000
Federal Home Loan Bank advances 354,000,000 350,000,000
Subordinated debentures 46,881,000 46,199,000
Accrued interest and other liabilities 22,414,000 25,232,000
Total liabilities 3,216,354,000 2,988,658,000
Commitments and contingent liabilities (Note 14)
Shareholders' equity    
Preferred stock, no par value; 1,000,000 shares authorized; 0 shares outstanding at December 31, 2019 and December 31, 2018 0 0
Common stock, no par value; 40,000,000 shares authorized; 16,425,136 shares outstanding at December 31, 2019 and 16,534,256 shares outstanding at December 31, 2018 305,035,000 308,005,000
Retained earnings 107,831,000 75,483,000
Accumulated other comprehensive gain/(loss) 3,695,000 (8,239,000)
Total shareholders’ equity 416,561,000 375,249,000
Total liabilities and shareholders’ equity $ 3,632,915,000 $ 3,363,907,000